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Louisiana-Pacific Corporation (LPX), together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets.
It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.
The Siding segment offers LP SmartSide trim and siding products, ExpertFinish prefinished siding products, and LP outdoor building solutions for premium outdoor buildings; and engineered wood siding, trim, soffit, and fascia products.
The OSB segment manufactures and distributes OSB structural panel products comprising LP TechShield radiant barriers, LP WeatherLogic air and water barriers, LP Legacy premium sub-flooring products, LP FlameBlock fire-rated sheathing products, and LP TopNotch sub-flooring products.
The EWP segment provides laminated veneer lumber, laminated strand lumber, and other related products; and I-joists, which are primarily used in residential and commercial floorings, roofing systems, and other structural applications.
The South America segment manufactures and distributes OSB structural panel and siding products. This segment also distributes and sells related products for the region's transition to wood frame construction. It also offers timber and timberlands and other products and services.
The company sells its products primarily to retailers, wholesalers, and homebuilding and industrial businesses in North America and South America, as well as in Asia, Australia, and Europe.
Louisiana-Pacific Corporation reported 2nd Quarter June 2021 earnings of $4.74 per share on revenue of $1.3 billion. The consensus earnings estimate was $4.40 per share on revenue of $1.2 billion. Revenue grew 141.8% on a year-over-year basis.
Please note, this stock reports earnings on Tuesday, November 2nd.
With an increase in lumber prices, this stock's "double bottom" chart formation has indicated that shares are at a buy point and that share prices should be heading higher.
Entry Point: $66.25
Trading Range: $27.01 - $76.35
Stop Loss: $63.00
Target Price: $72.50
Closed at $74.30
